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Fund Description

ElevenFund is a short-term trading fund focused on the Canadian equity market.  ElevenFund targets superior risk-adjusted returns compared to the TSX, as measured by the Sharpe and MAR ('gain-to-pain') ratios. We expect to outperform the TSX in neutral-to-down markets and to capture a significant portion of the gains in strong up markets, with lower volatility and with smaller drawdowns than the TSX.  The Fund places significant emphasis on liquidity, capital preservation and on crystallizing open profit positions.  The Fund uses no leverage and does not invest in private securities.

Reporting

  • Monthly return estimates are circulated by e-mail on the 3rd business day of each month. If you want to be added to the e-mail list, please complete the form on the left.
  • Monthly performance reports are posted on-line by the 4th business day of each month (see Currently Monthly Report above).
  • Final monthly prices are determined mid-month and are distributed electronically to brokerage firms so that they can update their on-line client statements.

 

Fund Details
Strategy Short-term trading
FundSERV code Class A: SPA400
Class F: SPA410 (fee-based advisors only)
RSP Eligible Yes
Subscription Frequency Monthly, on the last business day of each month
Minimum Investment C$25,000 (accredited investors)
Currency Canadian dollars
Management Fee Class A: 2% per annum (incl. 1% trailer fee to advisors)
Class F: 1% per annum (fee-based advisors only)
Performance Fee 20%
High Water Mark Yes, no reset
Lock-up Period None
Redemption Frequency Monthly, on the last business day of each month
Redemption Notice 7 days
Early Redemption Fee None
Advisor/Trustee Spartan Fund Management Inc.
Prime Broker/Custodian CIBC World Markets
Auditor Deloitte LLP
Fund Administrator SGGG Fund Services Inc.
Legal Counsel McMillan LLP
Inception Date November 1, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Documents

Click on the relevant link below to download the appropriate document for ElevenFund:

Contact

For more information on ElevenFund, please contact your investment advisor.  If you do not have an investment advisor, please contact us.


"LACONIC" Derived from the city Laconia, Spartans were known for their laconic wit and economy of speech – in keeping with their austere, practical and concise manner.



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